According to reports, the 29 year old informed his friend residing in Hong Kong that he was being held for a AED 109,000 ransom through WhatsApp.
The suspects were identified as four Chinese nationals who were caught with the victim in a house in Makati City, Metro Manila.
They are currently under the custody of the Philippine National Police as an investigation is underway.
US sanctions Russian oil companies as Moscow holds nuclear drills
The United States hit Russia's major oil companies with sanctions on Wednesday and accused the Russians of a lack of commitment toward ending the war in Ukraine, as Moscow conducted a major training exercise involving nuclear arms.
India PM Modi to attend ASEAN summit virtually, ruling out Trump meeting
India's Prime Minister Narendra Modi will participate virtually in the ASEAN summit in Kuala Lumpur, ruling out a possible meeting with US President Donald Trump and indicating New Delhi and Washington may not be close to sealing a trade deal.
Louvre chief blames CCTV gaps for $102 million jewellery heist
The Louvre's cameras failed to detect burglars in time to prevent their audacious daylight heist of some of France's crown jewels, the museum's director said on Wednesday, amid growing anger directed at officials over major security lapses.
World Court says Israel must ensure basic needs in Gaza are met
The United Nations' top legal body, the International Court of Justice (ICJ), on Wednesday gave an advisory opinion saying that Israel is under the obligation to ensure the basic needs of the civilian population in Gaza are met.
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